BIERHANDEL VB: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
BIERHANDEL VB
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€62,092
2024 · €29,661+€32,431
Equity
€277,614
2024 · €215,521+€62,092
Cash
€13,262
2024 · €14,179-€917
Balance sheet total
€428,392
2024 · €386,797+€41,594
Largest movements
Assets
- Receivables within one year +€45,098
up €45,098 (+12.6%), from €356,952 to €402,050
of which Trade receivables: +€25,141
Equity and liabilities
- Profit (loss) carried forward +€62,092
up €62,092 (+54.1%), from €114,833 to €176,925
- Current portion of long-term debt -€10,642
down €10,642 (-100%), from €10,642 to €0
- Other debts -€9,661
down €9,661 (-65.9%), from €14,661 to €5,000
- Trade debts -€5,982
down €5,982 (-5.8%), from €102,651 to €96,669
- Debts after one year +€4,800
up €4,800 (+27.0%), from €17,769 to €22,569
of which Other amounts payable: +€4,800
Income statement
- Gross operating margin +€33,046
up €33,046 (+22.6%), from €146,224 to €179,270
- Depreciation -€7,233
down €7,233 (-52.3%), from €13,840 to €6,607
- Write-downs +€4,498
new in 2025: €4,498
- Staff costs +€4,419
up €4,419 (+4.5%), from €98,234 to €102,653
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€29,661
Gross operating margin
+€33,046
Staff costs
-€4,419
Depreciation
+€7,233
Write-downs
-€4,498
Other operating charges
+€774
Financial income
+€76
Financial charges
+€202
Taxes
+€19
Result 2025
€62,092
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€9,163
Investment
-€4,238
Financing
-€5,842
Cash 2024
€14,179
From operations (derived)
+€9,163
Net result for the year
+€62,092
Depreciation
+€6,607
Receivables within one year
-€45,098
Deferred charges and accrued income
+€217
Trade debts
-€5,982
Tax, wage and social debts
+€962
Other debts
-€9,661
Accrued charges and deferred income
+€26
Investment (derived)
-€4,238
Investment in fixed assets (net)
-€4,238
Financing
-€5,842
Debts after one year
+€4,800
Current portion of long-term debt
-€10,642
Cash 2025
€13,262
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,797 | €428,392 | +€41,594 | +10.8% |
| Fixed assets | 21/28 | €12,047 | €9,677 | -€2,370 | -19.7% |
| Intangible fixed assets | 21 | €960 | €160 | -€800 | -83.3% |
| Tangible fixed assets | 22/27 | €9,663 | €8,093 | -€1,570 | -16.2% |
| Land and buildings | 22 | €2,487 | €217 | -€2,270 | -91.3% |
| Plant, machinery and equipment | 23 | €5,590 | €7,876 | +€2,287 | +40.9% |
| Furniture and vehicles | 24 | €1,587 | €0 | -€1,587 | -100% |
| Financial fixed assets | 28 | €1,424 | €1,424 | = | 0.0% |
| Current assets | 29/58 | €374,750 | €418,714 | +€43,964 | +11.7% |
| Amounts receivable within one year | 40/41 | €356,952 | €402,050 | +€45,098 | +12.6% |
| Trade receivables | 40 | €188,945 | €214,085 | +€25,141 | +13.3% |
| Other amounts receivable | 41 | €168,007 | €187,964 | +€19,957 | +11.9% |
| Cash at bank and in hand | 54/58 | €14,179 | €13,262 | -€917 | -6.5% |
| Deferred charges and accrued income | 490/1 | €3,620 | €3,403 | -€217 | -6.0% |
| Total equity and liabilities | 10/49 | €386,797 | €428,392 | +€41,594 | +10.8% |
| Equity | 10/15 | €215,521 | €277,614 | +€62,092 | +28.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €38,689 | €38,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €32,489 | €32,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,833 | €176,925 | +€62,092 | +54.1% |
| Amounts payable | 17/49 | €171,276 | €150,778 | -€20,498 | -12.0% |
| Amounts payable after more than one year | 17 | €17,769 | €22,569 | +€4,800 | +27.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €17,769 | €22,569 | +€4,800 | +27.0% |
| Amounts payable within one year | 42/48 | €152,420 | €127,096 | -€25,324 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €10,642 | €0 | -€10,642 | -100% |
| Trade debts | 44 | €102,651 | €96,669 | -€5,982 | -5.8% |
| Suppliers | 440/4 | €102,651 | €96,669 | -€5,982 | -5.8% |
| Taxes, remuneration and social security | 45 | €24,465 | €25,427 | +€962 | +3.9% |
| Taxes | 450/3 | €13,088 | €12,380 | -€708 | -5.4% |
| Remuneration and social security | 454/9 | €11,377 | €13,047 | +€1,670 | +14.7% |
| Other amounts payable | 47/48 | €14,661 | €5,000 | -€9,661 | -65.9% |
| Accrued charges and deferred income | 492/3 | €1,087 | €1,113 | +€26 | +2.4% |
| Remuneration, social security and pensions | 62 | €98,234 | €102,653 | +€4,419 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,840 | €6,607 | -€7,233 | -52.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,498 | +€4,498 | |
| Other operating charges | 640/8 | €4,001 | €3,227 | -€774 | -19.3% |
| Gross operating margin | 9900 | €146,224 | €179,270 | +€33,046 | +22.6% |
| Operating profit (loss) | 9901 | €30,148 | €62,284 | +€32,136 | +107% |
| Financial income | 75/76B | €52 | €127 | +€76 | +146% |
| Recurring financial income | 75 | €52 | €127 | +€76 | +146% |
| Financial charges | 65/66B | €536 | €334 | -€202 | -37.6% |
| Recurring financial charges | 65 | €536 | €334 | -€202 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €29,664 | €62,076 | +€32,413 | +109% |
| Income taxes | 67/77 | €3 | -€16 | -€19 | |
| Profit (loss) for the period | 9904 | €29,661 | €62,092 | +€32,431 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €29,661 | €62,092 | +€32,431 | +109% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.